Solar Module Maker SolarWorld Files for Insolvency

This entry was posted by Solar Curator on May 11, 2017 at 8:20 am

Amidst harsh price wars in the solar module maker space, Germany-based SolarWorld AG said in a statement that the company is bankrupt. The company statement said that “ongoing price erosion” and mounting debts have resulted in a negative prognosis for the company and that the board members will immediately file for insolvency.

It is unclear what will happen to the company’s affiliates, including the US-based operation based in Oregon.